LatinNews Daily - 23 May 2023

In brief: Honduras’s trade deficit drops

* Honduras’s central bank (BCH) has released new figures which show that the country’s exports in the first three months of the year totalled US$2.82bn, down 6.6% on the same period in 2022 – a drop mainly due to a 10.0% fall in maquila exports. Meanwhile imports totalled US$4.33bn in the first quarter of 2023, down 5.9% on the same period in 2022. This leaves a trade deficit of US$1.50bn in the first quarter of 2023, down 4.6% on the same period in 2022. Honduras’s main trading partner is the US, which buys US$1.41bn of its exports (50% of the total) – in particular clothing, wiring harnesses for cars, bananas, coffee, and melons, among other things – and provides US$1.57bn of its imports (36.3% of the total) – mainly fuel, textile materials, machinery, electrical appliances, and corn.

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